Daybreak Oil & Gas: Director Departs, New CFO Appointed
| Field | Detail |
|---|---|
| Company | Daybreak Oil & Gas, Inc. |
| Form Type | 8-K |
| Filed Date | Apr 29, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-appointment
TL;DR
Daybreak Oil & Gas shakes up leadership: Smith out, Johnson in as CFO, new directors elected.
AI Summary
Daybreak Oil and Gas, Inc. announced on April 28, 2025, a series of significant corporate actions. These include the departure of director Michael L. Smith, the election of new directors David L. Johnson and Robert K. Smith, and the appointment of David L. Johnson as Chief Financial Officer. The company also disclosed compensatory arrangements for its officers.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key personnel and board composition can introduce uncertainty regarding future strategy and financial management.
Key Players & Entities
- Daybreak Oil and Gas, Inc. (company) — Registrant
- Michael L. Smith (person) — Departing Director
- David L. Johnson (person) — Elected Director and Appointed CFO
- Robert K. Smith (person) — Elected Director
- April 28, 2025 (date) — Date of Earliest Event Reported
- April 22, 2025 (date) — Date of Report
FAQ
Who has departed from the board of directors at Daybreak Oil and Gas, Inc.?
Michael L. Smith has departed from the board of directors.
Who were elected as new directors?
David L. Johnson and Robert K. Smith were elected as new directors.
What new role has David L. Johnson taken on?
David L. Johnson has been appointed as the Chief Financial Officer.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is April 22, 2025.
What other corporate actions were disclosed in the filing besides director changes and appointments?
The filing also disclosed compensatory arrangements for certain officers.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 29, 2025 by Michael L. Smith regarding DAYBREAK OIL & GAS, INC..